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20121011
20121011
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
that substantial deficit reduction would be associated with a substantial reduction in interest rates that would push the economy forward at the more rapid pace. indeed, in an important part of the economic growth of the 1990's can properly be attributed to the unlocking of economic energy that was achieved by the 1993 budget measures, that led to a reduction in interest rate, increase in investment, accelerating growth, lower capital clause, further improvement in the deficit and so forth. that approach, a fiscal consolidationization that lead to substantial growth was a plausible and compelling vision for the country in 1993 1993, it has been a plausible and come compelling vision for other countries and times in places. you cannot fall very far out of the basic. with interest rates at 1.7% for ten years. with a real interest at the level where if you want to put your money or store your money with the government for as much as twentd years, you have to pay them for the privilege of having them hold your money. if they are going give you back inflation. in such an environment, the reduction in
both to close the deficit. we both submitted our economic proposals to the boston globe. they were sent out four independent economic analysis. found is that i was 67% more effective at cutting the deficit then senator brown. why? because i am willing to make cuts. i am willing to make substantial cuts. i support substantial cuts. i also believe we have to raise revenues. that is what it will take to get serious about our deficit. i truly believe on this one, this is about our children and grandchildren. we cannot leave it to our debts. >> that is time. mr. brown? >> great question. we are in the $16 trillion national debt. we are in another trillion dollar deficit. you cannot keep borrowing to pay our bills. when we are talking about cutting military spending, we have party cut in half a trillion dollars. that affects many people in this room and people watching. i have been battling as a member of the arms services committee to try to find the resources to protect our men and women who are serving. we have sequestration coming up. we are trying to work in a bipartisan effort to step b
to the encouraging weekly jobs claim number but were tempered by a widening trade deficit and higher unemployment in greece. >>> and more worrisome news for the global economy. s&p 500 a downgrading spain's credit rating, it dropped two levels. s&p says the downgrade comes because the capacity for spain's political institutions to deal with the current economic sand finance am crisis is declining. >>> our report out today says tourist force the london olympic and paralympic games failed to give a boost. the number of visitors was lower between june and august compared to the previous year. it dropped about 7%. the tourists said the spending hovered around the same before at $9.7 billion. >>> a report says airlines are reduce the number of long tarmac waits that customers have to sit through. the report was released by the u.s. department of transportation. in august, airlines reported tarmac delays longer than three hours. they must be reported. luggage lost and discrimination complaints are as down -- are also down. >>> there are new clues in the case of a missing hayward girl, as we told you ea
're facing absolutely massive deficits. this administration has chosen to ignore it. the president has failed, put forth a plan to deal with those deficits and if everyone believes everything is coming up roses, perhaps the vice- president should join me as i travel around the country and speak to people. people in pennsylvania are not terribly thrilled with what happening in the economy. people in youngstown, ohio have stores that are boarded up because the economy is not doing well. it's not only the old industries that are not -- in san jose, calif., they are complaining because they cannot export their high-quality goods to japan and other countries. people in the northwest and in the state of oregon are complaining about what's happening to the timber industry and agriculture industry. things are not as great as the administration is wanting us to believe in their television commercials. my feeling quite frankly is i have enough experience to see the problems, address them, and make the tough decision that level of people with reference to this problem. >> despite the historic aspects of
not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome. this meeting is on the record. as we say, anything can and will i'm sure be against you. in this danish, probably some things you haven't said will be used against you. the phrase for someone it's no
campaign stop in new hampshire was talking about the threat of deficit spending. it's probably something you might hear tonight at the vice- presidential debate. here's a preview. [video clip] >> we cannot keep borrowing 36 cents of every dollar our government spends. we cannot keep the federal reserve doing what. we cannot keep looking our children in the eye, knowing that we are going to give them a diminished future because we are spending their money today. it's a very simple idea. mitt romney and i will bring it to washington. we've got to stop spending money we don't have. we must cut spending. we must get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-pre
where we can compromise and come to the middle and we must do that. we have a huge deficit and like i said earlier, a little amnesia how we got there but we are there and we have to deal with this. it's a must do and for the good of the country and same as senator, as tom, excuse me. i didn't mean to relegate you to senator. but i have children and grandchildren and we have got to do some things right for the future of this country. it's a privilege for us, all of us in this country. >> moderator: along those same lines congress and boswell what is the most important things that you think, the most important thing congress can do that would stimulate job growth or lift the overall economy? boswell: right now we are an agriculture stated we are much more. we are certainly in agriculture state and we don't have a farm bill. it comes up every five years and it's very important to iowa and all of the crop bearing fire for producing states in the middle was an across the country. we have to have a farm bill and there have been political posturing. the speaker -- mr. latham's best friend i'
a federal government that is far too large, $16 trillion of debt, $1.3 trillion deficit. we need somebody who will stand up and fight. i have that record in the house. that's the record i will take to the senate. that's what i would appreciate your vote, and thank you. >> our next closing statement is from marc victor. >> ladies and gentlemen, our country was founded upon freedom. we are about individual rights and responsibilities. we are about free markets. we are about being free to both defined and pursue your own happiness. it's about americans being in charge of themselves. these are the principles that made us a great nation, but we have strayed so far from these principles. we have a busybody government that is into everything. it regulates, taxes everything and everyone literally to death. it's involved in our lives cradle-to-grave. over 16 trillion in debt now and going ever higher. highest incarceration rate in the world. over 2 million in prison. perpetual wars that we keep paying for with more debt and human life. we are speaking in the wrong direction. and guess who was driv
a budget deficit of $1.30 trillion and a $16 trillion debt. >> the question would be, is it worth not getting these benefits to the veterans if it means no more lard? >> what happens is those bills will be brought right back. they are popular pieces of legislation. people want to support veterans and they should. when this ad ran that claimed that i would deny care for veterans with missing limbs and legs, it did. it showed pictures of them. my father is a korean war veteran. my brother has done two tours in afghanistan, two in iraq. april white, when she saw that ad, she called our office and said that may be sick because when i cannot get the benefits i was due only one person without the and that was jeff flake. >> let's look at the facts. we can stipulate -- my father and uncle served in combat. my brother served 30 years and special forces. that is not the issue. the congressman is trying to evade the issue. there are three specific bills he voted against those issues. it is not only me. the iraqi-afghanistan veterans organization gave him an f. the vietnam veterans gave him
to explain it and explain how they're not going to explode the deficits and put a big new burden on the middle class. >> we see a number of battleground stake polls out this morning including those by cbs news and "the new york times" that show a tightening of the contest in several of these states. can joe biden tonight stop the slide in the polls for president obama? >> well, nora, i don't think there's a slide in the polls. i think there was a bump after the debate. i think it was mostly last weekend. as you know, these polls that you conducted don't measure the days since the debate, they measure what happened from before the debate to after. so i don't think there's big momentum. there's no doubt that governor romney collected a couple of points, mostly of republican leaning independents as a result of the last debate. what i think the vice president can do is really drive home the fact that one candidate, the president, has a vision that has squarely in it the interest of the middle class and the notion that you build the economy through the middle class and through a stron
would blow a hole in the deficit, cause much deeper cuts in medicare, medicaid and education and the environment and knock our economy off track raising interest rates, mortgage rates and car payment. >> well, deja vu when you listen to al gore now and joe biden and we'll watch to see if that plays out tonight. tonight, who do we have on stage? vice president joe biden and chairman paul ryan and they want to dbate which ticket is best for the middle classnd expect talk about their hometown routes. >> i proudly represent the state of delaware from years in the senate, but i come from a state, i come from pennsylvania -- i come from scranton and the same things in pennsylvania have basically happened here in ohio and, i tell you what, both, both are coming back. >> i live in janesville. i live about two hours northeast of here. it looks just like this town. actually, this looks, very much like some buildings we have in wisconsin. >> hear a lot of that tonight. joe biden and paul ryan on the campaign trail. go into the small, blue collar towns in iowa, ohio, in pennsylvania and
Search Results 0 to 11 of about 12 (some duplicates have been removed)